Aegon Asset Management managing director Russell Hogan is stepping down to pursue other interests outside fund management such as taking a theology degree. He will relinquish control of AAM some time next year but will stay within the Aegon group to follow a more strategic role. A successor will be announced in the next few weeks. AAM recently poached Standard Life's head of global equities Wendy Hay to be chief investment officer.
Worsening news of the NHS's ability to cope with the number of patients wanting treatment means consumer interest in the various types of PMI products is likely to increase. Consumers are not alone in their interest. The Government itself is now on record as saying that public and private sectors should work together to provide […]
The FSA has accepted that consumers want past performance information in advertisements, in its response to recommendations made by a task force it set up to look into the issue.The FSA says it will introduce new rules to make sure that past performance is not the main message in advertisements and will consult further on […]
CIS is moving in to the intermediary market for the first time by offering its range of defined-contribution pensions through IFAs. The company, which has until now operated solely through its direct salesforce, will develop a business arm to distribute corporate pensions through employee benefits consultants. Initially, the group stakeholder and AVCs market have been […]
The Scottish flexible mortgage from the Scottish Building Society is aimed at borrowers who want to buy a new home in Scotland.The mortgage is available for loans of up to 90 per cent of the value of the property, with Scottish Building Society giving the mortgage a 2 per cent discount for the first six […]
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]